Director of Treasury Operations

Position Description

Local Initiatives Support Corporation (LISC) is seeking to fill the position of Director of Treasury Operations. This position will be part of LISC’s Treasury Department and will report to LISC’s Vice President & Treasurer. The Director will work in close coordination with other members of LISC Treasury as well as Accounting, FP&A, IT, Legal, and Lending. The Director of Treasury Operations will be responsible for cash management and transaction processing (approving wire transfer and ACH transactions). The Director will also monitor monthly reconciliations with the Accounting Department, oversee treasury management, identify opportunities for process improvements, and implement best practices to enhance efficiency and accuracy in treasury operations. The Director will cross-train on Treasury reporting activities and provide support to this function as needed. The primary duties of the position include:

• Oversee daily cash management requirements and transaction processing
  • Ensure adequate cash balances for daily operations
  • Review and release wire transfer and ACH transactions
  • Evaluate cost and services of current provider’s and competitors’ treasury management portals

• Manage systems, collection, and storage of transaction data
  • Act as primary security administrator for J.P. Morgan Access and other treasury management portals
  • Direct proper maintenance of files and preservation of essential documentation

• Partner with the Accounting Department on monthly reconciliations
  • Liaise with Accounting to oversee proper monthly recording of cash and investment portfolio activity

• Serve as project manager for CDFI Bond Guarantee Program (BGP)
• Ensure compliance and reporting requirements are met
  • Monitor pledged loans and oversee collateral substitutions
  • Invest monies in BGP debt service and risk-share accounts

• Identify opportunities for process improvements and implement best practices in treasury operations
  • Review policies and procedures on an annual basis to ensure automation and best practices are incorporated
  • Collaborate with colleagues in IT, Lending, and Legal departments to incorporate ongoing process improvements and prompt resolution of inter-departmental issues

• Support loan portfolio reporting functions within Treasury
  • Support the analytic needs of Chief Financial Officer, Senior VPs of Lending, Chief Credit Officer, Treasurer and field offices with ad hoc analyses, projections and financial models.
  • Cross-train on internal and external reporting, including monthly loan portfolio performance and trends, quarterly portfolio analysis, and external reporting to S&P, AERIS, CDFI Fund, etc. Provide inputs and backstop these functions as needed.
  • As needed, assist in coordinating reporting to LISC’s current lenders and due diligence packages for lenders, industry surveys, and funding applications.

• Perform additional duties, as required

Qualifications

• Bachelor’s degree from an accredited college or university or relevant requisite work experience
• Minimum eight (8) years of work-related experience in cash management and treasury operations; non-profit experience preferred.
• Demonstrated analytical and problem-solving skills, sound decision-making ability, and a proven focus on operational excellence.
• Prior experience working with a treasury management portal, experience using J.P. Morgan Access preferred.
• Familiarity with Salesforce or similar CRM platforms a plus.
• Strong time management and organizational skills in a demanding fast paced environment.
• Outstanding written and verbal communication skills with a strong attention to detail.
• Skilled in aligning tactical decision making with organizational strategy to drive greater impact.
• Ability to prioritize and handle multiple tasks/deadlines.
• Positive attitude, strong work ethic, and a desire to work collaboratively across the organization.
• Proficiency in Microsoft Office suite, particularly Microsoft Excel.
• Commitment to LISC’s mission and values.

Compensation

LISC provides a competitive salary ($116,874-$146,092) and excellent fringe benefits for this position.